BOGD BANK HAS SUCCESSFULLY RECEIVED FUNDING FROM ENABLING MICROFINANCE FUND

Since its establishment, Bogd bank has been working to deliver products and services that fully fulfill our customers’ needs effortlessly and swiftly based on fintech solutions as well as supporting the development of Small and Medium Enterprises in Mongolia. On July 7th, 2022, Bogd Bank has successfully established medium term financing agreement with EMF Microfinance Fund, an impact investment fund located in Liechtenstein which is advised by Enabling Qapital AG, as part of our commitment to increase access to funding for our clients.

In line with the Bank’s international cooperation efforts, after becoming the first bank to be listed on the Mongolian Stock Exchange, Bogd Bank is putting forward our efforts to securing medium to long term funding that meets the financial needs of Micro, Small and Medium Enterprises to increase the resilience of the local businesses after the pandemic, support the increase in job retention and creation, while having positive social and environmental impact.

Enabling Qapital AG is an international organization established in 2008 and has provided investments to a total of 179,000 micro-entrepreneurs through EMF Microfinance Fund that aims to support Micro and Small and Medium Enterprises while having a positive impact on the economy, society, and the environment. Bogd Bank is happy to conclude the first financing agreement with Enabling Qapital AG and plans to continue expanding its international cooperation in the future and its efforts towards becoming a leader in the banking industry advocating openness and transparency.

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